Sparton Corp (SPA) financial statements (2022 and earlier)

Company profile

Business Address 425 N. MARTINGALE ROAD
SCHAUMBURG, IL 60173
State of Incorp. OH
Fiscal Year End June 30
SIC 3672 - Printed Circuit Boards (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,16098813214,9148,0286,085
Cash and cash equivalents1,16098813214,9148,0286,085
Receivables64,95445,34746,75970,97448,69749,768
Inventory, net of allowances, customer advances and progress billings72,40660,24877,87172,04745,41246,334
Inventory72,40660,24877,87179,50353,37246,334
Progress payments netted against inventory for long-term contracts or programs   (7,456)(7,960)
Prepaid expense and other current assets1,731
Deferred tax assets  4,7144,7143,8133,167
Other undisclosed current assets3,9443,8511,13012,94410,614 
Total current assets:142,464110,434130,606175,593116,564107,085
Noncurrent Assets
Property, plant and equipment32,79034,45533,32032,60828,52328,904
Long-term investments and receivables   847  
Long-term investments   847  
Intangible assets, net (including goodwill)33,77141,10849,596120,00048,23025,380
Goodwill12,66312,66312,66374,17528,18914,667
Intangible assets, net (excluding goodwill)21,10828,44536,93345,82520,04110,713
Deferred costs   2,0891,700494
Other noncurrent assets5,3316,2536,6927,1514,427
Prepaid expense and other noncurrent assets790
Defined benefit plan, assets for plan benefits   44 
Deferred tax assets, net   2,1991,1924,041
Other undisclosed noncurrent assets17,64624,89325,784(2,936)(1,700)(494)
Total noncurrent assets:89,538106,709115,392161,95882,41659,115
TOTAL ASSETS:232,002217,143245,998337,551198,980166,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities50,69551,08461,31955,36535,48725,925
Accounts payable28,63627,67238,29029,94816,54319,596
Accrued liabilities10,71811,95912,42016,32811,090 
Employee-related liabilities11,34111,45310,6099,0897,8546,329
Debt163269217 900136
Estimated litigation liability5,500     
Accrued environmental loss contingencies642568584700600500
Billings in excess of cost3,8681,749 1,7563,19621,504
Other undisclosed current liabilities6,2545823198109388,026
Total current liabilities:67,12254,25262,43958,63141,12156,091
Noncurrent Liabilities
Long-term debt and lease obligation84,50016797,538154,50040,10011,403
Long-term debt, excluding current maturities84,500 97,206154,50040,10011,403
Capital lease obligations 167332   
Liabilities, other than long-term debt6,7766,3567,3937,5417,6442,958
Pension and other postretirement defined benefit plans, liabilities 274
Liability, pension and other postretirement and postemployment benefits6908881,276424
Accrued environmental loss contingencies4,8665,4686,1177,1177,6442,684
Other liabilities1,220     
Other undisclosed noncurrent liabilities 74,500    
Total noncurrent liabilities:91,27681,023104,931162,04147,74414,361
Total liabilities:158,398135,275167,370220,67288,86570,452
Stockholders' equity
Stockholders' equity attributable to parent73,60481,86878,628116,879110,11595,748
Common stock12,29312,32612,30712,35812,66112,619
Additional paid in capital17,59917,85116,40716,04519,47818,751
Accumulated other comprehensive loss(1,001)(1,276)(1,736)(1,457)(968)(1,255)
Retained earnings44,71352,96751,65089,93378,94465,633
Total stockholders' equity:73,60481,86878,628116,879110,11595,748
TOTAL LIABILITIES AND EQUITY:232,002217,143245,998337,551198,980166,200

Income statement (P&L) ($ in thousands)

6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
6/30/2013
Revenues
(Revenue, Net)
374,990397,562419,362382,125336,139266,015
Cost of revenue
(Cost of Goods and Services Sold)
(295,592)(325,663)(339,214)(308,354)(272,186)(221,013)
Other undisclosed gross profit   900500600
Gross profit:79,39871,89980,14874,67164,45345,602
Operating expenses(69,867)(64,278)(131,937)(57,419)(44,564)(29,332)
Operating income (loss):9,5317,621(51,789)17,25219,88916,270
Nonoperating income (expense)(6,373)(4,377)(3,710)(2,297)(287)131
Investment income, nonoperating   39102
Other nonoperating income (expense)(19)6093156542547
Interest and debt expense(6,354)(4,437)(3,803)(2,456)(838)(518)
Other undisclosed income from continuing operations before equity method investments, income taxes6,354     
Income (loss) from continuing operations before equity method investments, income taxes:3,158(1,193)(59,302)12,49918,76415,883
Other undisclosed income from continuing operations before income taxes 4,4373,8032,456838518
Income (loss) from continuing operations before income taxes:3,1583,244(55,499)14,95519,60216,401
Income tax expense (benefit)(11,412)(1,927)17,216(3,966)(6,615)(2,763)
Net income (loss) attributable to parent:(8,254)1,317(38,283)10,98912,98713,638
Preferred stock dividends and other adjustments (4) (126)  
Net income (loss) available to common stockholders, diluted:(8,254)1,313(38,283)10,86312,98713,638

Comprehensive Income ($ in thousands)

6/30/2018
6/30/2017
6/30/2016
6/30/2015
6/30/2014
6/30/2013
Net income (loss):(8,254)1,317(38,283)10,98912,98713,638
Other comprehensive income (loss)222462(887)(838)522 
Comprehensive income (loss):(8,032)1,779(39,170)10,15113,50913,638
Other undisclosed comprehensive income (loss), net of tax, attributable to parent53(2)608349(235)463
Comprehensive income (loss), net of tax, attributable to parent:(7,979)1,777(38,562)10,50013,27414,101

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: